Meanwhile, the BSE Sensex was down 45.63 points or 0.24% at 19,198.79.

Shares of Reliance Power (RPL) outperformed the market over the past one month till 17 December 2012, surging 8.22% compared with the Sensex's 5.11% rise. The scrip had also outperformed the market in past one quarter, jumping 14.99% as against Sensex's 3.79% gain.

Shares of RInfra outperformed the market over the past one month till 17 December 2012, surging 11.87% compared with the Sensex's 5.11% rise. The scrip had, however, underperformed the market in past one quarter, rising 1.72% as against Sensex's 3.79% gain.

RInfra and other promoter group companies of RPL (the sellers) have given a notice to the stock exchanges of an Offer for Sale (OFS) of 15.2 crore equity shares constituting 5.42% of the share capital of RPL in order to facilitate compliance of RPL with applicable SEBI Guidelines on minimum 25% public shareholding for listed entities. As per applicable guidelines, the sellers have the ability at their discretion to reduce the quantity of shares on offer, and the 25% public shareholding threshold is required to be met only by 30 June 2013, Reliance Power said in a statement. After the sale of shares, the public shareholding in Reliance Power will increase to 25%, thereby improving liquidity, apart from meeting regulatory requirements, Reliance Power said.

The OFS will take place tomorrow, 19 December 2012, from 12:00 IST to 15:00 IST. RInfra is selling 5.3 crore shares, Reliance Innoventures is selling 1.74 crore shares and Project Ventures is selling 8.15 crore shares via the OFS.

Reliance Power, a part of Anil Dhirubhai Ambani's Reliance group, is India's leading private sector power generation company. The company has the largest portfolio of power projects in the private sector based on coal, gas, hydro and renewable energy, with an operating portfolio of 1,540 MW. The company also has the largest captive coal reserves in the private sector, estimated at two billion tonnes. Besides, the company is developing three coal mines in Indonesia and also developing coal bed methane based generation capacity.

Reliance Infrastructure (RInfra) is engaged in developing projects through various Special Purpose Vehicles in several high growth areas in the infrastructure sector i.e. Roads, Metro rail, Airports, etc. The company is also a leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution, Trading and EPC. RInfra also provides Engineering, Procurement & Construction (EPC) for developing power and road projects.

Reliance Power drops ahead of Offer for Sale by promoters

Shares of Reliance Infrastructure (RInfra) were up 0.48% to Rs 519.

Meanwhile, the BSE Sensex was down 45.63 points or 0.24% at 19,198.79.

Shares of Reliance Power (RPL) outperformed the market over the past one month till 17 December 2012, surging 8.22% compared with the Sensex's 5.11% rise. The scrip had also outperformed the market in past one quarter, jumping 14.99% as against Sensex's 3.79% gain.

Shares of RInfra outperformed the market over the past one month till 17 December 2012, surging 11.87% compared with the Sensex's 5.11% rise. The scrip had, however, underperformed the market in past one quarter, rising 1.72% as against Sensex's 3.79% gain.

RInfra and other promoter group companies of RPL (the sellers) have given a notice to the stock exchanges of an Offer for Sale (OFS) of 15.2 crore equity shares constituting 5.42% of the share capital of RPL in order to facilitate compliance of RPL with applicable SEBI Guidelines on minimum 25% public shareholding for listed entities. As per applicable guidelines, the sellers have the ability at their discretion to reduce the quantity of shares on offer, and the 25% public shareholding threshold is required to be met only by 30 June 2013, Reliance Power said in a statement. After the sale of shares, the public shareholding in Reliance Power will increase to 25%, thereby improving liquidity, apart from meeting regulatory requirements, Reliance Power said.

The OFS will take place tomorrow, 19 December 2012, from 12:00 IST to 15:00 IST. RInfra is selling 5.3 crore shares, Reliance Innoventures is selling 1.74 crore shares and Project Ventures is selling 8.15 crore shares via the OFS.

Reliance Power, a part of Anil Dhirubhai Ambani's Reliance group, is India's leading private sector power generation company. The company has the largest portfolio of power projects in the private sector based on coal, gas, hydro and renewable energy, with an operating portfolio of 1,540 MW. The company also has the largest captive coal reserves in the private sector, estimated at two billion tonnes. Besides, the company is developing three coal mines in Indonesia and also developing coal bed methane based generation capacity.

Reliance Infrastructure (RInfra) is engaged in developing projects through various Special Purpose Vehicles in several high growth areas in the infrastructure sector i.e. Roads, Metro rail, Airports, etc. The company is also a leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution, Trading and EPC. RInfra also provides Engineering, Procurement & Construction (EPC) for developing power and road projects.

Reliance Power drops ahead of Offer for Sale by promoters

Meanwhile, the BSE Sensex was down 45.63 points or 0.24% at 19,198.79.

Shares of Reliance Power (RPL) outperformed the market over the past one month till 17 December 2012, surging 8.22% compared with the Sensex's 5.11% rise. The scrip had also outperformed the market in past one quarter, jumping 14.99% as against Sensex's 3.79% gain.

Shares of RInfra outperformed the market over the past one month till 17 December 2012, surging 11.87% compared with the Sensex's 5.11% rise. The scrip had, however, underperformed the market in past one quarter, rising 1.72% as against Sensex's 3.79% gain.

RInfra and other promoter group companies of RPL (the sellers) have given a notice to the stock exchanges of an Offer for Sale (OFS) of 15.2 crore equity shares constituting 5.42% of the share capital of RPL in order to facilitate compliance of RPL with applicable SEBI Guidelines on minimum 25% public shareholding for listed entities. As per applicable guidelines, the sellers have the ability at their discretion to reduce the quantity of shares on offer, and the 25% public shareholding threshold is required to be met only by 30 June 2013, Reliance Power said in a statement. After the sale of shares, the public shareholding in Reliance Power will increase to 25%, thereby improving liquidity, apart from meeting regulatory requirements, Reliance Power said.

The OFS will take place tomorrow, 19 December 2012, from 12:00 IST to 15:00 IST. RInfra is selling 5.3 crore shares, Reliance Innoventures is selling 1.74 crore shares and Project Ventures is selling 8.15 crore shares via the OFS.

Reliance Power, a part of Anil Dhirubhai Ambani's Reliance group, is India's leading private sector power generation company. The company has the largest portfolio of power projects in the private sector based on coal, gas, hydro and renewable energy, with an operating portfolio of 1,540 MW. The company also has the largest captive coal reserves in the private sector, estimated at two billion tonnes. Besides, the company is developing three coal mines in Indonesia and also developing coal bed methane based generation capacity.

Reliance Infrastructure (RInfra) is engaged in developing projects through various Special Purpose Vehicles in several high growth areas in the infrastructure sector i.e. Roads, Metro rail, Airports, etc. The company is also a leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution, Trading and EPC. RInfra also provides Engineering, Procurement & Construction (EPC) for developing power and road projects.